The cryptocurrency Berachain (BERA) has experienced significant volatility, with the price forming higher highs and sharp retracements. After reaching a peak above $9, the price dropped below $6 before bouncing back to around $6.68. The current price is facing resistance at $7, which was previously a support level. If the price breaks above $7, the next target would be around $7.50-$8, while a failure to break past $7 could result in a retest of the $6 support zone. The Relative Strength Index (RSI) is currently in a neutral zone, indicating weakening bullish momentum. In the short term, BERA is trading between support at $6.00-$6.20 and resistance at $7.00. Traders should watch for a breakout or breakdown in this range to determine the next move. To retest previous highs near $9, BERA must hold above $7 and establish buying momentum. A successful breakout above $8 would indicate bullish control, while a failure to hold above $6 could lead to further decline. Traders looking for short-term gains may consider waiting for a confirmed breakout above $7, while long-term investors may consider accumulating near $6.
Content Editor ( cryptoticker.io )
- 2025-03-05
Will Berachain (BERA) Price Break $7 or Face Another Drop?
